Moodeng price rally in early July breaks above multi-week high on strong volume
Moodeng price surges 75% midweek, holds 23% weekly gain
Moodeng cryptocurrency has delivered a remarkable performance this week, standing out sharply among other digital assets. The memecoin started its strong ascent in the middle of the week, gaining attention as it responded more positively than other cryptocurrencies to the recent rise in M2 money supply.
Highlights
-Moodeng price surges above June highs before pulling back to $0.20 today
-Strong trading volume and RSI at 60 support Moodeng’s bullish
-Week-to-date gain stands at 23% signalling a potential trend reversal
During the midweek, Moodeng began its impressive climb, which continued into Thursday, July 3. The memecoin surged to reach a high near $0.24, a level well above the previous month’s high of $0.2340. This sharp move was accompanied by a significant rise in trading volume, surpassing all the volume levels recorded throughout June. The surge in volume suggests that market participants are actively engaging in this rally, providing additional strength to the bullish case.
Moodeng price dynamics (May - July 2025). Source: TradingView
Between midweek and Thursday’s European session, Moodeng recorded a staggering cumulative gain of around 75% at its peak. However, during today’s European session, price retraced from the high of $0.2400 down to the psychological level near $0.2000. This pullback pared today’s gain to 15.5% and brought the week-to-date gain to nearly 23%. Despite this retracement, the strong foundation built over the week remains intact and suggests an underlying confidence among traders.
Moodeng volume spike confirms buyer interest despite pullback from June high
The recent strong price move, which broke a streak of five consecutive bearish weeks, came on the back of last week’s gains. This shift from a prolonged downtrend to a strong recovery highlights a possible trend reversal, supported by both technical and macro factors. Technically, Moodeng now faces near-term resistance at $0.22, a level that traders will watch closely to confirm further momentum. On the downside, the near-term support at $0.1750 provides a buffer against deeper pullbacks, serving as a critical level for maintaining bullish sentiment.
From an indicator perspective, Moodeng’s relative strength index currently sits near 60, firmly in bullish territory but not yet in an overbought state. This suggests that despite the recent rapid rise, there may still be room for further upside if momentum continues. The combination of strong volume and a supportive RSI indicates that buying interest remains healthy and that traders might look to build on this week’s gains if resistance levels are breached.
The coming sessions will be crucial in determining whether this surge evolves into a sustained trend or faces renewed selling near resistance levels. For now, Moodeng stands as a top performer in the crypto space due to its sharp recovery and strong technical signals.
Moodeng fell by over 16% in two days, showing sharper weakness than Bitcoin. Price stayed below $0.14 after breaking support and signalled bearish momentum.
